Keelvar raises €23m in fresh funding to expand in the US

Alan Holland's firm uses artificial intelligence to optimise a company's procurement, sourcing, and supply chain

Keelvar CEO Alan Holland: 'Procurement is broken. Costs are out of control, capacity is scarce, and disruptions are everywhere.' Picture: Denis Scannell

Cork supply chain firm Keelvar has raised a further $24m (€22.8m) in Series B funding, bringing its overall raise so far to $43m (€40.85m).

The investment was led by venture capitalist firm 83North. Series A investors Elephant, Mosaic, and Paua doubled down on their investment. Bastian Nomichacher, the co-founder and co-CEO of Celonis, also joined as a minority investor.